Forum Topics BOT BOT ASX Announcements

Pinned straw:

Straw deleted
mikebrisy
Added 6 months ago

@Ipsum FDA process doesn't involve much too-ing and fro-ing on safety, efficacy, stability, manufacturing elements of the submission. However, small adjustments on labelling and patient information - which are easily addressed - are commonly discussed immedaitely ahead of the final decision.

The last rejection was more fundamental, because the decision related to instructions for patient use. These needed to be corrected and validated in a human factors study. It was impossible to address them purely via dialogue. However, fine details of labelling and patient information can easily be addressed, and this is not uncommon.

What IS uncommon (or less common) - in my experience, is for the company to make a price sensitive announcement about these discussions, so close to the approval.

To me, that might indicate that management are nervous about approval, and want to be able to demonstrate that they kept shareholders fully informed. There is certainly no other benefit (from my perspective) in today's announcement.

So, I am on the edge of my seat with this one. I have it 90% CoS,.... but there is the 10%.

BTW, I haven't read the full release, just your headlines, as I am doing other things today. I certainly hope a further delay (or rejection) isn't on the cards. However, the point of my post is to reassure that final dialogue on labelling/PIL is not unusual.

12

Ipsum
Added 6 months ago

Thanks, @mikebrisy, that additional context is very helpful.

I also thought it odd to mark the announcement (here) as price sensitive when it doesn't provide any new information I can see. Maybe it does to more experienced eyes.

I guess we will know either way in 10 days!

7

NewbieHK
Added 6 months ago

Thanks @mikebrisy and @Ipsum. I read it as a way of keeping share holders informed after last times failure due to the labelling. They might want to assure holders that everything remains on track.

There was also clarification that the FDA date would be June 21 Australian eastern time (20th US time). This was probably to alleviate nervous Nellie’s who might have been waiting for news to drop during reading on Friday June 20th Australian time.

So first trading date post FDA announcement should/will now be Monday June 24. This should allow for significant build up in buyers leading into Monday with the news having already been released.

It’s like waiting for the 6th number to drop in a lotto draw.


13